Lumbar Degenerative Disc Disease Market Size to Reach US$ 21.3 Billion Forecast to 2024-2031 | Sorrento Therapeutics, SpineThera, Eliem Therapeutics, Scilex Holding

Global Lumbar Degenerative Disc Disease Market reached US$ 12.1 billion in 2022 and is expected to reach US$ 21.3 billion by 2031, growing with a CAGR of 7.4% during the forecast period 2024-2031.

The Lumbar Degenerative Disc Disease market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Lumbar Degenerative Disc Disease (DDD) is a condition where the intervertebral discs in the lower spine deteriorate over time, leading to pain, stiffness, and reduced mobility. Factors like aging, genetics, and repetitive stress contribute to disc degeneration. Treatment options range from physical therapy and pain management to minimally invasive procedures and surgical interventions in severe cases.

Forecast Growth Projected:

The Global Lumbar Degenerative Disc Disease Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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List of the Key Players in the Lumbar Degenerative Disc Disease Market:

Sorrento Therapeutics, SpineThera, Eliem Therapeutics, Scilex Holding, Sinfonia Biotherapeutics, Seikagaku Corporation, Kolon life Science, Vita Sciences, Aurobindo Pharma, and Neurotech among others.

Industry Development:

In January 2023, DiscGenics, Inc., a clinical-stage biopharmaceutical company specializing in cell-based regenerative therapies for spinal conditions, received Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA) for its Injectable Disc Cell Therapy (IDCT or rebonuputemcel). This allogeneic discogenic progenitor cell therapy is designed to relieve pain and restore function in patients with symptomatic lumbar degenerative disc disease (DDD).

In July 2023, Alpha Healthcare Acquisition Corp. III (ALPA), a special purpose acquisition company, completed a business merger with Carmell Therapeutics Corporation. Carmell, a Phase 2-stage regenerative medicine platform company, focuses on developing allogeneic plasma-based biomaterials for applications in soft tissue repair, aesthetics, and orthopedic treatments.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Lumbar Degenerative Disc Disease Market: CCC

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Lumbar Degenerative Disc Disease Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Lumbar Degenerative Disc Disease market?

➠ Who are the global key manufacturers of the Lumbar Degenerative Disc Disease Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Lumbar Degenerative Disc Disease market opportunities and threats faced by the vendors in the global Lumbar Degenerative Disc Disease Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Lumbar Degenerative Disc Disease market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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